EUR/USD Open 1.4494 High 1.4538 Low 1.4446 Close 1.4499
On Thursday the Euro/Dollar continued increasing with less strength, climbing with 90 pips. The European currency appreciated from 1.4446 to 1.4538 yesterday, matching the positive Interbank sentiment projection at almost +2%, closing the day at 1.4499. This morning the European currency is making further push up efforts, but movements are within yesterday's range for now. On the 1 hour chart new upward channel has emerged, while on the 3 hour chart trading remains within wide range. Break above the nearest resistance and yesterday's top at 1.4538 may trigger further strengthening of the Euro. Going bellow yesterday's bottom and first support at 1.4446, however, would confirm continuation of the bearish trend, towards next important objective downwards 1.4327. Today's focus is on Italy, France, Germany and EU17 PMI, and EU17 Unemployment, at 7:45, 7:50, 7:55, 8 and 9 GMT respectively. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating slim bullish pressure. The value of the RSI indicator is neutral and hesitant, MACD is positive and quiet, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall light long signals.
Technical resistance levels: 1.4538 1.4650 1.4771
Technical support levels: 1.4446 1.4327 1.4210
Trading range: 1.4495 - 1.4570
Buy at 1.4507 SL 1.4477 TP 1.4557
Yesterday we made +42 pips profit on EUR/USD from the following signal:
7:29 GMT+1 Buy EUR/USD at 1.4479 SL 1.4453 TP 1.4529, exit sent at 8:23 GMT+1.
Total yesterday +118, as shown in details at http://www.zifx.com/performance.php.